Can Trivago Bounce Back After Last Week's 31% Drop?
There have been more outs than "inns" at hotel metasearch specialist Trivago (NASDAQ: TRVG) these days. The stock plunged 31.1% last week, coming undone after posting problematic financial results for the third quarter.
Trivago posted a widening quarterly deficit on a 17% uptick in revenue. It's a far cry from the top-line growth of 68% and 67% that Trivago posted in the first and second quarters, respectively, but that wasn't the deal breaker. The quickly fading dot-com darling had warned early last month that full-year growth would clock in at 40%, implying growth would be in the teens during the latter half of the year. The real problem is that Trivago is now eyeing just 36% to 39% growth for all of 2017. It may not seem like much of a tweak, but it translates into growth of just 2% to 15% for the final quarter.
It gets worse. Trivago is warning that it's unlikely to post revenue growth during the first half of next year, returning to positive results in the latter half of last year.
Source: Fool.com
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